Nearly half of all credit card fraud around the world occurs in the U.S., although Americans account for just a quarter of global card volume, according to a recent Barclays report, which claims that the reason for the disproportionate fraud is that the U.S. still relies on outdated magnetic stripes, which are easy for hackers to replicate or manipulate.
The U.S. Justice Department is creating a unit within the criminal division to advise on electronic surveillance in cyber investigations and work with the private sector to prevent online crime.